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Sunday Times Business Times, 16 July 2017

Finance Minister Malusi Gigaba tries to assure the nation he has a plan to get us out of recession…

Ron Paul: “Not a Total Shock” If Stocks Drop 25% and Gold Jumps 50% by October

In a recent appearance on CNBC, former Republican congressman and outspoken libertarian Ron Paul suggested those stock market investors who’ve seen monstrous gains in their portfolios for years might want to re-think their positions just a bit before too much more time passes. 294 more words

Here's the True Definition of a Recession — It's Not About GDP

According to the National Bureau of Economic Research (NBER), the institution that dates the peaks and troughs of the business cycles,

A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.

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Report: Connecticut gains 7,000 net jobs in June

HARTFORD, Conn. (AP) — A new report shows Connecticut gained 7,000 net jobs in June, moving closer toward recovering all the jobs lost in the 2008-2010 recession. 102 more words


Yanis Varoufakis explains debt deflation

A short video featuring the ever-engaging Yanis Varoufakis, self-styled ‘erratic Marxist’ and former finance minister of Greece. Here he explains the process of debt deflation which, during the eurozone crisis, has hit Greece hard. 29 more words


CREDIT SUISSE: The UK is 'flirting with recession' and it could begin by the end of the year

(Source: www.businessinsider.com)

LONDON — Britain is “flirting with recession” and could see its economy start to contract within six months, according to a new note from Swiss banking giant Credit Suisse circulated to clients on Wednesday. 520 more words

Money Matters

Yellen's opioid comments smack of hypocrisy

Fed chief Janet Yellen in Congressional testimony suggested that the opioid epidemic hitting the Ohio Valley states and elsewhere could be attributing to the historically low workforce participation rates for men. 428 more words